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Resource Immobility

Published on Nov 30, 2015

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Resource Immobility

BY: Garrett, Megan, Dylan
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Resource Immobility means that land, capital, labor, and entrepreneurs do not move to markets were return is the highest.

Photo by Tim Gill Photos
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Resource Immobility occurs when a place of work closes, leaving everyone unemployed.

Photo by Frank Hamm
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Some of the unemployed workers will find new work but others will not. The newly unemployed may be unable to sell their houses or they may be reluctant to leave friends and family behind to find new work in a different city.

Photo by Frank Hamm

Garrett Sawvel